PGT Innovations Completes Acquisition of 75 Percent Ownership Stake in Eco Window Systems
PGT Innovations Inc. has completed its acquisition of a 75 percent ownership stake in Eco Window Systems and its related companies. Eco is a manufacturer and installer of aluminum, impact-resistant windows and doors serving the South Florida region.
“This acquisition further advances our strategy of expanding and diversifying our product lines with strong brands,” says Jeff Jackson, president and CEO of PGT Innovations. “We expect the Florida commercial market to continue its long-term growth trend and believe Eco will help PGT Innovations increase its sales and share in that segment. Additionally, we anticipate Eco’s glass manufacturing capabilities will allow us to vertically integrate a larger portion of our operations, by increasing our internal glass manufacturing capacity, which we believe will provide us with more flexibility within our supply chain to meet the growing demand for our products.
“Eco’s dealer network is highly complementary to our existing footprint, as most of its dealers have not previously been customers of PGT Innovations, and we are excited about developing relationships with those new dealers,” adds Jackson. “Over the years, Eco has been both a valued supplier and customer, and we welcome Eco and all its employees to the PGT family of brands.”